Fiserv, Inc. $FI Shares Purchased by Optas LLC

Optas LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,386 shares of the business services provider’s stock after acquiring an additional 104 shares during the period. Optas LLC’s holdings in Fiserv were worth $584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Activest Wealth Management raised its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Fiserv in the first quarter valued at approximately $38,000. Finally, Saudi Central Bank acquired a new position in shares of Fiserv in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FI shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 price objective for the company. Morgan Stanley lowered their target price on shares of Fiserv from $268.00 to $266.00 and set an “overweight” rating for the company in a report on Monday, July 21st. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. KeyCorp lowered their target price on shares of Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Finally, Susquehanna lowered their target price on shares of Fiserv from $240.00 to $220.00 and set a “positive” rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Price Performance

FI opened at $126.51 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Fiserv, Inc. has a 52-week low of $124.89 and a 52-week high of $238.59. The company has a 50 day moving average of $133.69 and a two-hundred day moving average of $163.73. The company has a market cap of $68.77 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.83 and a beta of 0.95.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.